NEGOTIABLE INSTRUMENTS LAW.* CHAPTER 38 OF THE CONSOLIDATED LAWS. (Laws 1909, ch. 93.) ARTICLE 1. Short title; definitions (§§ 1, 2). 2. General provisions (§§ 3-7). 3. Form and interpretation (§§ 20-42). 5. Negotiation (§§ 60-80). 6. Rights of holder (§§ 90-98). 7. Liabilities of parties (§§ 110-119). 8. Presentment for payment (§§ 130-148). 9. Notice of dishonor (§§ 160-189). 10. Discharge (§§ 200-206). 11. Bills of exchange; form and interpretation (§§ 210-215). 12. Acceptance (§§ 220-230). 13. Presentment for acceptance (§§ 240-248). 14. Protest (§§ 260-268). 15. Acceptance for honor (§§ 280–289). 16. Payment for honor (§§ 300-306). 17. Bills in sets (§§ 310–315). 18. Promissory notes and checks (§§ 320-326). 19. Notes given for patent rights and for a speculative consideration (§§ 330-332). 20. Laws repealed; when to take effect (§§ 340-341). ARTICLE 1. SHORT TITLE; DEFINITIONS. SECTION 1. Short title. 2. Definitions. § 1. Short title. This chapter shall be known as the "Negotiable Instruments Law." * See Eaton & Gilbert on Commercial Paper, also Eaton & Greene on the Negotiable Instruments Law. § 2. Definitions. In this chapter, unless the context otherwise requires: "Acceptance means an acceptance completed by delivery or notification. "Action" includes counter-claim and set-off. "Bank" includes any person or association of persons carrying on the business of banking, whether incorporated or not. "Bearer" means the person in possession of a bill or note which is payable to bearer. "Bill" means bill of exchange, and "note" means negotiable promissory note. "Delivery" means transfer of possession, actual or constructive, from one person to another. "Holder” means the payee or indorsee of a bill or note, who is in possession of it, or the bearer thereof. "Indorsement "" means an indorsement completed by delivery. "Instrument" means negotiable instrument. "Issue" means the first delivery of the instrument, complete in form, to a person who takes it as a holder. not. "Person" includes a body of persons, whether incorporated or "Value "" means valuable consideration. "Written" includes printed, and "writing" includes print. |